Voluntary announcement and notice: Curro Meridian Schools venture increased funding for expansion Curro Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/025801/06) JSE Share Code: COH ISIN: ZAE000156253 (“Curro” or “the Company”) VOLUNTARY ANNOUNCEMENT AND NOTICE: CURRO MERIDIAN SCHOOLS VENTURE INCREASED FUNDING FOR EXPANSION As previously announced, Curro concluded a joint venture in 2012 with the Schools and Education Investment Impact Fund of South Africa (Seiifsa) and Old Mutual Investment Group of South Africa, the initial capital investment by investors of the venture being R440 million, with Curro’s portion being R44 million. Through this joint venture additional funding of about R188 million is being provided for further expansions at the Meridian schools, the properties which are owned by Campus and Property Management Company (Pty) Ltd (CAPMAC), a subsidiary of Curro. Curro’s portion of the additional funding in terms of the joint venture is R18.4 million. The following disclosure constitutes the obligatory notification to shareholders in terms of the Companies Act, 71 of 2008, as amended which requires that the Company inform shareholders when financial assistance is granted to a related or inter-related entity to the Company: Furthermore notice is hereby given in terms of section 45(5)(a) of the Companies Act, 71 of 2008, as amended (“the Companies Act”), that the board of directors of Curro (“the Board”), at a meeting held on 26 May 2014, authorised the Company to provide financial assistance (the afore- mentioned funding) to CAPMAC, amounting to R18.4 million pursuant to the authority granted to the Board by shareholders at the annual general meeting of the Company, held on 20 June 2013, to allow for the aforesaid construction of schools or additions thereto. The Board prior to authorising the aforementioned financial assistance considered and satisfied itself, in terms of section 45 of the Companies Act, that: 1. immediately after providing the financial assistance, the Company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; 2. there has been due compliance with the Company’s memorandum of incorporation and with the Companies Act; and 3. the terms of the financial assistance are fair and reasonable in relation to the Company. By order of the Board Durbanville 3 June 2014 Sponsor PSG Capital Date: 03/06/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.